Advanced Assistant or Associate Professor in Applied Microeconomic

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Assistant or Associate Professor

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Teaching Assistant Professor

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Front Matter

Journal of Economic Perspectives, Fall 2022

Debt Revenue and the Sustainability of Public Debt

[Symposium: The Size of Government Debt]

By Ricardo Reis

Journal of Economic Perspectives, Fall 2022

While public debt has risen in the last two decades, the return that it offers to investors has fallen, especially relative to the return on private investment. This creates a revenue for the government as the supplier of the special services offered by p...

Fiscal Histories

[Symposium: The Size of Government Debt]

By John H. Cochrane

Journal of Economic Perspectives, Fall 2022

The fiscal theory states that inflation adjusts so that the real value of government debt equals the present value of real primary surpluses. Monetary policy remains important. The central bank can set an interest rate target, which determines the path of...

Emerging Market Sovereign Debt in the Aftermath of the Pandemic

[Symposium: The Size of Government Debt]

By Kenneth Rogoff

Journal of Economic Perspectives, Fall 2022

For emerging markets, fiscal space is a very real constraint that can surface under a variety of circumstances, including rising world interest rates, falling commodity prices, or a global recession. Some emerging markets, and the majority of low-income d...

Popular Personal Financial Advice versus the Professors

By James J. Choi

Journal of Economic Perspectives, Fall 2022

I survey the advice given by the fifty most popular personal finance books and compare it to the prescriptions of normative academic economic models. Popular advice frequently departs from normative principles derived from economic theory, which should mo...

A Linear Panel Model with Heterogeneous Coefficients and Variation in Exposure

By Liyang Sun and Jesse M. Shapiro

Journal of Economic Perspectives, Fall 2022

Linear panel models featuring unit and time fixed effects appear in many areas of empirical economics. An active literature studies the interpretation of the ordinary least squares estimator of the model, commonly called the two-way fixed effects (TWFE) e...

Sadie T. M. Alexander: Black Women and a "Taste of Freedom in the Economic World"

By Nina Banks

Journal of Economic Perspectives, Fall 2022

The employment history of African American women is notable because of their higher labor force participation rates compared to other women in the US. This essay discusses Sadie T. M. Alexander's analysis of Black women and work based on her 1930s speec...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Fall 2022

Facts and Fantasies about Wage Setting and Collective Bargaining

[Symposium: Labor Market Institutions]

By Manudeep Bhuller, Karl Ove Moene, Magne Mogstad, and Ola L. Vestad

Journal of Economic Perspectives, Fall 2022

In this article, we document and discuss salient features of collective bargaining systems in the OECD countries, with the goal of debunking some misconceptions and myths and revitalizing the general interest in wage setting and collective bargaining. We ...

Is There Any Future for a US Labor Movement?

[Symposium: Labor Market Institutions]

By Suresh Naidu

Journal of Economic Perspectives, Fall 2022

A recent flurry of labor movement activity has been driven by younger workers, tight labor markets, and a sympathetic federal government. Nonetheless, US union density remains low, even as unions remain popular. This is because employer opposition and US ...

The German Model of Industrial Relations: Balancing Flexibility and Collective Action

[Symposium: Labor Market Institutions]

By Simon Jäger, Shakked Noy, and Benjamin Schoefer

Journal of Economic Perspectives, Fall 2022

We give an overview of the "German model" of industrial relations. We organize our review by focusing on the two pillars of the model: sectoral collective bargaining and firm-level codetermination. Relative to the United States, Germany outsources colle...

Danish Flexicurity: Rights and Duties

[Symposium: Labor Market Institutions]

By Claus Thustrup Kreiner and Michael Svarer

Journal of Economic Perspectives, Fall 2022

Denmark is one of the richest countries in the world and achieves this in combination with low inequality, low unemployment, and high-income security. This performance is often attributed to the Danish labor market model characterized by what has become...

Digital currencies, distressed places, and immigration

[News]

November 03, 2022

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives.

Life cycle income profiles

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Lifetime earnings data provide insights on how average earnings for men and women in the United States have changed over time.

Post Doctoral Scholar

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The costs of cultural traditions

[Research Highlight]

November 14, 2022

Eduardo Montero and Dean Yang discuss the long-term economic consequences of religious festivals in Mexico that coincide with peak planting or harvest months.

Religious Festivals and Economic Development: Evidence from the Timing of Mexican Saint Day Festivals

By Eduardo Montero and Dean Yang

American Economic Review, October 2022

Does variation in how religious festivals are celebrated have economic consequences? We study the economic impacts of the timing of Catholic patron saint day festivals in Mexico. For causal identification, we exploit cross-locality variation in festival d...